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An ongoing, severe economic and political crisis in the country has led to hyperinflation and contributed to falling U.S. agricultural product exports.
U.S. consumer-oriented exports products to Venezuela in 2016 (through November) were valued at $21.6 million, down 54 percent from the same time period a year before.
The retail sector in Venezuela continues to be an important point of sale for U.S. importers.
Venezuela offers growing opportunities for U.S. agricultural exports, despite strong competition and other challenges.
Growing demand for pet food is creating new opportunities for U.S exporters in both established and emerging markets worldwide.